On 15 May, GlobalCapital plc published its Interim Directors’ Statement covering the first quarter of 2012. During the period under review, revenues were broadly in line with those registered in the previous comparable period. Meanwhile, adverse fair value movements and operating expenses were both at lower levels than those registered in the first quarter of 2011. As a result, the Company’s operating results for the first quarter of 2012 registered an improvement over the same period in 2011.
The announcement also revealed that the Company will shortly be adding a new and innovative life insurance offering to its range of client value adding solutions.